Clean Tech has a weekly podcast this week that covers the most effective stories of clean energy and climate in 15 minutes or less, which features Paul Gerak. Factor this And how the mic of Tigerkam.
This week’s “Week Cleunchur” is Tom Steier, a co -executive chair of Galvaniz. He reminds us that when we talk about climate, the conversation is about technology, costs and politics, which is important. However, we can’t lose the eyes of what we are about to do: pass on a capable planet. Tom reminds us about it after setting a camp with his grandchildren over the weekend. Happy Tom!
A new analysis suggests that the United States provides about $ 31 billion annually to the foam fuel industry annually, a large number that has doubled since 2017. The authors of the report have found that the subsidy allows the sector to make 30,000 percent profit on investment. Trump’s great Bill Act is ready to hand over $ 4 billion every year to fool fuel companies over the next decade. The biggest support for the oil industry in the bill has been extended to credit for carbon capture and reduce pre -market royalty rates for fossil fuel production on public lands.
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Last year, despite having only 4 GW solar capacity and being the top exporter of the world’s oil, Saudi Arabia is now becoming one of the fastest growing markets for solar energy. Investor Aqua Power, the largest shareholder of Saudi Arabia, is leading the accusation with plans to include about 100 GW capacity. The country wants to get half of its electricity from clean sources by 2030. If it fulfills this goal, it will be in the first five markets in the world for new solar capacity during this period.
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The Geothermal Startup Road, Energy Corporation, has emerged from the Stealth to collect a $ 38 million series to collect fundraising rounds and plans to build a pilot system in Utah by 2026, with a capacity of 1.8 MW. The company has developed a closed loop geothermal system that adopts a novel approach to the use of refrigerators instead of water for deep heat transport. Rodutharm says his closed loop system is 50 % more efficient, which reduces costs and water use. It has contracted with the Utah Associated Municipal Power System as its first offspring, with a power purchase contract for $ 80 per MW.
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Some of the oil field service companies are joining the power business, especially when tech companies need to strengthen their data centers faster.
Companies such as Solaris, Liberty, Atlas, Proprietary, and Professor are already installed and operated by generation units, which often run with natural gas, fracturing. These companies intend to use small, modular devices that are off grid, at first, it means they can access faster than electricity. These units will be plugged directly into data centers and use natural gas, usually derived from a pipeline near a fuel.
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The Federal Reserve announced on Wednesday that it would reduce the rate of federal funds by 0.25 percent, which would reduce it between 4 % and 4.25 %. The cut can provide some relief to renewable sources of developers and investors who need to be careful with the financial support costs.
Solar and wind projects are much more affected by interest rates as they are mostly expected, which costs a little ongoing operating after fuel is free. Wood McKenzie estimates that when interest rates increase by 2 %, the cost of power levels for renewable sources increases by 20 %, while 11 % for gas -powered power plants, which has more operating costs but borrowed.
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